Yellen to chair previously unscheduled FSOC meeting on Friday - reports
Investing.com | Author Scott Kanowsky
Published Mar 24, 2023 11:10AM ET
Updated Mar 24, 2023 11:20AM ET
By Scott Kanowsky
Investing.com -- U.S. Treasury Secretary Janet Yellen is set to chair a closed meeting of the Financial Stability Oversight Council (FSOC) on Friday, according to media sources citing a statement from the department.
It was not immediately clear when the previously unscheduled meeting would begin, nor if the council would provide further details about their discussions.
The gathering comes as regulators continue to try to assuage market concerns over the health of the financial sector following a bank run sparked by the failure of Silicon Valley Bank two weeks ago.
The body of financial regulators includes the heads of the Federal Reserve, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and other regulatory agencies. The FSOC is tasked with identifying risks to U.S. financial stability, although it has little legal authority.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.